Canada Stocks to Watch: Potash, Goldcorp, Teck, Husky and more

Weighted heavily toward second-quarter earnings reports, here are some of the stocks on our radar Thursday:

Potash Corp. of Saskatchewan Inc. said Thursday its second-quarter results were hurt by lower prices for all of its key fertilizer nutrients as a result of increased global competition, leading it to cut its outlook for the year. Results missed analyst expectations.

Goldcorp Inc. posted a nearly $2 billion second-quarter loss, hurt by a massive impairment charge at a Mexican project as a result of lower metal prices. Adjusted earnings of 14 cents share were below the Thomson Reuters mean estimate of 22 cents.

Teck Resources Ltd. had an adjusted profit of 34 Canadian cents a share in the second quarter, down from 68 Canadian cents a year earlier, hurt by lower metals prices. Analysts polled by Thomson Reuters were expecting a profit of 31 Canadian cents.

Husky Energy Ltd. said second-quarter earnings climbed to 59 Canadian cents a share from 43 Canadian cents. Adjusted earnings rose to 62 Canadian cents from 45 Canadian cents.

About Canada Real Time

Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com